About HFCVX
Hennessy Cornerstone Value Fund Investor Class is an open-end mutual fund that targets total return through a blend of capital appreciation and current income. The fund is managed with a quantitative, formula-based approach known as the Cornerstone Value Strategy, which systematically selects 50 large, high dividend-yielding companies from the S&P Capital IQ universe, excluding utilities. Stocks are required to meet criteria such as above-average market capitalization, above-average shares outstanding, significantly higher trailing 12-month sales, and robust cash flow. Each selected stock is weighted equally in the portfolio, emphasizing diversification among widely-held, income-generating equities. The fund focuses on sectors with well-established businesses, including financial services, energy, technology, and industrials, reflecting its bias toward mature, dividend-paying firms. Distributions of ordinary income and capital gains are made annually. This concentrated, disciplined strategy gives the fund a significant role in the large value mutual fund category, appealing to investors seeking exposure to established companies with strong dividend profiles and quantitative risk controls.
Fund Family Hennessy
Category Large Value
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol HFCVX
Share Class Investor Class
Index Russell 1000 Value TR
HFCVX had a total return of 25.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.81%.
